Is it advisable to purchase a flat in bangalore now? Given the forecasted trend of do

Discussion in 'Housing in Bangalore' started by lavany, Jan 13, 2012.

  1. lavany

    lavany New IL'ite

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    Given the trend of the downride on the roller coaster in world economies, is it worth investing in a flat in bangalore and expect an appreciation in the next 2-3 years? What is your opinion?
     
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  2. 2bkind

    2bkind Silver IL'ite

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    Re: Is it advisable to purchase a flat in bangalore now? Given the forecasted trend o

    It depends on the location of the flat. The important point to in consider a real estate investment is the location, reputation of the builder and accessibly to facilities and amenities.
    Currently the flats are available at a good bargain if you can make a cash payment and discount upto 15-20% are said to be given by builders for buyers who are making cash payment. Since, the interest rates are high , buyers who depend on home loans are waiting on side lines for the interest rates to drops a bit and builders don't have many takers.
    So, if you have cash surplus, and a zero in on a completed or very near to completion, project of a reputed builder, it is a good time to buy. Once the interests drops a bit, the property prices will shoot up and builders maybe unwilling to lower their prices.
     

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